Advanced Search

Jewelry Store Sales +12%, Best Dec. Performance Since 2007

Jewelry Store Sales +6% to $31B, Imports -2% to $12B in 2012

Feb 13, 2013 7:30 PM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


U.S. jewelry store sales in December 2012 surged 11.8 percent year on year to $6.301 billion, or the highest monthly total since December 2007, when store sales reached $6.5 billion. Taking into account the fact that consumer price inflation (CPI) for jewelry fell 2.9 percent in December, the sales increase reflected an even  stronger environment.

Annual jewelry store sales in the U.S. rose 5.7 percent year on year to $30.797 billion, the highest value since the category reached $30.82 billion in 2007. But the industry has lost many retailers since that time, so surpassing the  $30 billion mark for the first time in five years was a great achievement. Furthermore,  while the CPI remained at a historically high level in 2012, it did continue to cool as the year progressed,  recording an average increase of just 1 pjewelry sales storesercent.

In other industry trade news, U.S. jewelry exports in 2012 jumped 12.4 percent to  $10.2 billion, while jewelry imports declined 1.9 percent to $12.1 billion. Exports of watches and clocks plunged 14 percent to $396 million, while imports were flat at $4.8 billion. As Rapaport News reported on February 12, the net diamond account in 2012, reflecting the value of polished and rough diamonds that stayed in the country, plunged 21 percent to $3.25 billion, led by a 23 percent drop in net polished imports. Net rough imports, however, were flat at $202 million.

Tags: diamonds, exports, imports, Jewelry, Rapaport News, retail sales, stores, watches
Similar Articles
Rapaport TradeWire July 19, 2018
Jul 19, 2018
Industry Retail Mining General Finance July 19, 2018 RAPAPORT MARKET COMMENT Slow trading, with
Rapaport TradeWire June 28, 2018
Jun 28, 2018
Industry Retail Mining General Finance June 28, 2018 RAPAPORT MARKET COMMENT Positive sentiment despite
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.